OFF MARKET

Listed by Holly Schramm • Berkshire Hathaway HS NW. Bought with Windermere RE South Sound, Inc.

Off market feb 2015 for $490K

$943,601

Est. refi paymentEst. refi $3,264/mo

•

3,200

sq ft

505 SW 294th St, Federal Way, WA 98023

About this home

Secluded custom built home with panoramic views of Puget Sound and Mountains! This 3 bedroom 3 bath 3200 square foot home is nestled in the tree's at the end of a private road. The open great room designed living area features a 2 story wall of windows that highlights the view and bringing in ton's of natural light. Plus a huge loft with skylights, rec room, wrap around deck, over sized 2 car garage, work shop, hot tub and ton's of storage. This is a special place to retreat from the world!

Single-familyProperty Type

1989Year Built

0.27 acresLot Size

$295Est. Price/Sq.Ft.

2 car garageParking

Listed by Holly Schramm • Berkshire Hathaway HS NW

Bought with Annie Kirrmaier • Windermere RE South Sound, Inc

Redfin checked: a minute ago

•Source:NWMLS as Distributed by MLS Grid #731483

Redfin Estimate

$943,601

$454K since sold in February 2015$8,000 since September

Recently sold homes
Estimate history

This home's estimate is 5.4% higher than the average sale price ($895K) of 6 comparable homes.

SOLD SEP 29, 2026
$1,025,000
A
3 beds2.5 baths2,670 sq ft
30015 1st Pl S, Federal Way, WA 98003
Listing provided by nwmls
SOLD JUL 24, 2026
$734,000
B
3 beds2.5 baths2,090 sq ft
29819 5th Ave SW, Federal Way, WA 98023
Listing provided by nwmls
SOLD AUG 11, 2026
$740,000
C
2 beds2.5 baths1,760 sq ft
611 SW 293rd St, Federal Way, WA 98023
Listing provided by nwmls
SOLD OCT 6, 2026
$925,000
D
3 beds2.5 baths2,740 sq ft
602 S 288th Ln, Federal Way, WA 98003
Listing provided by nwmls
SOLD MAR 12, 2026
$1,010,000
E
3 beds2.5 baths3,320 sq ft
621 SW 295th Pl, Federal Way, WA 98023
Listing provided by nwmls
SOLD DEC 24, 2025
$935,000
F
3 beds2.5 baths3,260 sq ft
28529 10th Ave S, Federal Way, WA 98003
Listing provided by nwmls

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Sell

$584,234

Est. take-home

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Refinance

Est. cash available

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Rent

$3,690/mo

Redfin rental estimate

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Market trends in 98023, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.2%

0.1% MoM

Median sale price

$625K

$4K MoM

Avg. days on market

24d

6 days MoM

Recently sold homes

130

4 MoM

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Jay Won • WeLakeside
LISTED BY REDFIN
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Redfin
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Majsan Champagne • Real Broker LLC
See all

Provided by Redfin

Sale history for 505 SW 294th St

Date

Event

Price

Feb 24, 2015

Sold (MLS) (Sold)

NWMLS as Distributed by MLS Grid #731483

$490,000

$153/sq ft

Jan 26, 2015

Pending

NWMLS as Distributed by MLS Grid #731483

—

Jan 17, 2015

Listed (Active)

NWMLS as Distributed by MLS Grid #731483

$500,000

$156/sq ft

Jul 23, 2001

Sold (MLS)

NWMLS as Distributed by MLS Grid #21024889

$399,000

$125/sq ft

Feb 21, 2001

Listed

NWMLS as Distributed by MLS Grid #21024889

$399,000

$125/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$8,414 (+13.2%)

$387,000 + $446,000

$833,000

2025

$7,431 (+0.7%)

$387,000 + $446,000

$833,000

2024

$7,379 (+3.2%)

$277,000 + $473,000

$750,000

2023

$7,151 (+9.2%)

$251,000 + $427,000

$678,000

2022

$6,547 (+9.9%)

$256,000 + $476,000

$732,000

2021

$5,959 (+4.6%)

$233,000 + $348,000

$581,000

2020

$5,698 (−11.8%)

$214,000 + $282,000

$496,000

2019

$6,463 (−11.3%)

$203,000 + $362,000

$565,000

2018

$7,283 (+3.0%)

$203,000 + $362,000

$565,000

2017

$7,067 (+6.8%)

$190,000 + $325,000

$515,000

2016

$6,618 (+9.5%)

$190,000 + $310,000

$500,000

2015

$6,046 (+6.2%)

$177,000 + $271,000

$448,000

2014

$5,693 (−8.7%)

$165,000 + $254,000

$419,000

2013

$6,236 (+11.0%)

$158,000 + $198,000

$356,000

2012

$5,620 (−10.1%)

$220,000 + $161,000

$381,000

2011

$6,255 (+3.3%)

$287,000 + $196,000

$483,000

2010

$6,055 (−5.3%)

$287,000 + $196,000

$483,000

2009

$6,392

$287,000 + $299,000

$586,000

Tax history for 505 SW 294th St

Year

Property tax

Land + Additions

Assessment*

2026

$8,414 (+13.2%)

$387,000 + $446,000

$833,000

2025

$7,431 (+0.7%)

$387,000 + $446,000

$833,000

2024

$7,379 (+3.2%)

$277,000 + $473,000

$750,000

2023

$7,151 (+9.2%)

$251,000 + $427,000

$678,000

2022

$6,547 (+9.9%)

$256,000 + $476,000

$732,000

2021

$5,959 (+4.6%)

$233,000 + $348,000

$581,000

2020

$5,698 (−11.8%)

$214,000 + $282,000

$496,000

2019

$6,463 (−11.3%)

$203,000 + $362,000

$565,000

2018

$7,283 (+3.0%)

$203,000 + $362,000

$565,000

2017

$7,067 (+6.8%)

$190,000 + $325,000

$515,000

2016

$6,618 (+9.5%)

$190,000 + $310,000

$500,000

2015

$6,046 (+6.2%)

$177,000 + $271,000

$448,000

2014

$5,693 (−8.7%)

$165,000 + $254,000

$419,000

2013

$6,236 (+11.0%)

$158,000 + $198,000

$356,000

2012

$5,620 (−10.1%)

$220,000 + $161,000

$381,000

2011

$6,255 (+3.3%)

$287,000 + $196,000

$483,000

2010

$6,055 (−5.3%)

$287,000 + $196,000

$483,000

2009

$6,392

$287,000 + $299,000

$586,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

1.5

Lot width

—

Lot depth

—

Lot size

0.27 Acres

Year renovated

—

Sq. Ft.

2,720

Year built

1989

Style

Single Family Residential

County

King County

APN

119600 2948

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 4, 2026.

Property details

Parking

Parking Information
Covered Spaces: 2
Parking Features: RV Parking
Garage Spaces: 2
Has Attached Garage
Has Garage

Interior

Bedroom Information
# of Bedrooms: 3
# of Bedrooms Main: 2
# of Beds Lower: 1
Bedrooms Possible: 3

Bathroom Information
# of Full Baths (Total): 1
# of Three Quarter Baths (Total): 2
# of Full Baths (Main): 1
# of Three Quarter Baths (Main): 1
# of Three Quarter Baths (Lower): 1

Room 1 Information
Room Type: Bathroom Full
Room Level: Main

Room 2 Information
Room Type: Living Room
Room Level: Main

Room 3 Information
Room Type: Bedroom
Room Level: Lower

Room 4 Information
Room Type: Kitchen With Eating Space
Room Level: Main

Room 5 Information
Room Type: Utility Room
Room Level: Main

Room 6 Information
Room Type: Bathroom Three Quarter
Room Level: Main

Room 7 Information
Room Type: Bathroom Three Quarter
Room Level: Lower

Room 8 Information
Room Type: Great Room
Room Level: Main

Room 9 Information
Room Type: Primary Bedroom
Room Level: Main

Room 10 Information
Room Type: Bonus Room
Room Level: Upper

Room 11 Information
Room Type: Rec Room
Room Level: Lower

Room 12 Information
Room Type: Bedroom
Room Level: Main

Basement Information
Basement Features: None

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Gas
# of Fireplaces Main: 1

Interior Features
Interior Features: Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet, Laminate, Ceiling Fan(s), Hot Tub/Spa, Loft, Skylight(s), Vaulted Ceiling(s), Fireplace
Appliances: Dryer, Washer
Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
Appliances Included: Dishwasher,Dryer,Garbage Disposal,Microwave,Range/Oven,Refrigerator,Washer

Exterior

Building Information
Building Information: Built On Lot
Roof: Metal

Exterior Features
Exterior Features: Wood

Pool Information
Has Spa

Property Information
Sq. Ft. Finished: 3,200
Style Code: 12 - 2 Story
Property Type: Residential
Property Sub Type: Single Family Residence
Property Condition: Very Good
Has View

Land Information
Vegetation: Fruit Trees, Garden Space, Wooded

Lot Information
MLS Lot Size Source: realist
Site Features: Cable TV,Deck,High Speed Internet,Hot Tub/Spa,Outbuildings,Patio,RV Parking,Shop
Zoning Jurisdiction: City
Lot Features: Dead End Street, Secluded
Lot Size Units: Square Feet
Lot Size Acres: 0.2732
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $5,693
Tax Year: 2014

Financial Information
Listing Terms: Cash Out, Conventional, FHA, Private Financing Available, VA Loan
Buyer Financing: Cash

Utilities

Utility Information
Water Source: Public
Sewer: Sewer Connected
Utilities: Cable Connected, High Speed Internet, Sewer Connected, Natural Gas Connected
Water Heater Location: ground floor

Location

Multi-Unit Information
Furnished: Unfurnished

School Information
High School District: Federal Way

Location Information
Bus Line Nearby: true
Directions: coming from HWY 99 or 320th turn right on 21st. Take a left at 8th Ave. SW wined down the hill to 294th. It turns into a private road. Last house on the road.
Topography: Level,PartialSlope

Community Information
Senior Exemption: true

Public facts

Beds: 3
Baths: 3.0
Sq. Ft.: 2,720
Stories: 1.5
Lot Size: 0.27 acres
Style: Single Family Residential
Year Built: 1989
Year Renovated: —
County: King County
APN: 119600 2948

Home facts updated by county records on Sep 4, 2026

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Saturday, January 17, 2015

Green Information
Power Production Type: Natural Gas

Home Information
Living Area: 3,200
Living Area Units: Square Feet
Calculated Square Footage: 3200
MLS Square Footage Source: Realist
Building Area Total: 3200
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Structure Type: House
Levels: Two

Around this home

Schools

Adelaide Elementary School

Public PreK-5 • Assigned • 1.0mi

4/10

Lakota Middle School

Public 6-8 • Assigned • 1.4mi

5/10

Federal Way Senior High School

Public 9-12 • Assigned • 1.4mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 87° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

10 unhealthy days expected this year, 11 days in 30 years

Provided by First Street

Historical weather

Federal Way, WA • 98023

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.8 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

8.8 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$897,000 – $1.09M

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New listings for sale in 98023

EARLY ACCESSCOMPASS COMING SOON

$398,800

3 beds2 baths1,219 sq ft

1018 SW 312th St #531, Federal Way, WA 98023

NEW

$225,000

3 beds1.5 baths993 sq ft

32110 45th Pl SW Unit B-4, Federal Way, WA 98023